ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Psychology and the Psychologist in India

standards of countries which have managed to absorb foreign technology adequately. For, in their case the local R and D expenditure is generally a multiple of the money paid out for importing technology, whereas in India it is only half of the amount paid for importing technology (even if we ignore the hidden payments made through imports of inputs). Bin such as it is, even this P and i) expenditure has not yielded much in the way of improvement of productivity or-raising the proportion of value-added to total production. What kind of machinery does the government really have to find out whether or not the so-called R and D expenditure is a way of managing public relations at government expense (since all R and D expenditures are entitled to tax credits)?

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